Vanguard Group Inc. Has $396.99 Million Position in PJT Partners Inc. (NYSE:PJT)

Vanguard Group Inc. boosted its stake in shares of PJT Partners Inc. (NYSE:PJT - Free Report) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,515,600 shares of the financial services provider's stock after purchasing an additional 127,060 shares during the quarter. Vanguard Group Inc. owned approximately 10.61% of PJT Partners worth $396,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PJT. Principal Securities Inc. raised its stake in PJT Partners by 385.4% during the 4th quarter. Principal Securities Inc. now owns 199 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 158 shares in the last quarter. Quarry LP increased its holdings in shares of PJT Partners by 186.3% during the third quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 136 shares during the period. GAMMA Investing LLC raised its stake in shares of PJT Partners by 32.3% during the fourth quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 109 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in PJT Partners by 51.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 517 shares of the financial services provider's stock worth $82,000 after purchasing an additional 176 shares during the period. Finally, KBC Group NV grew its position in PJT Partners by 25.4% in the 4th quarter. KBC Group NV now owns 1,007 shares of the financial services provider's stock valued at $159,000 after buying an additional 204 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, JMP Securities cut PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.50.

PJT Partners Stock Performance

Shares of NYSE PJT traded down $0.53 during mid-day trading on Monday, reaching $125.75. 571,807 shares of the company traded hands, compared to its average volume of 238,320. The company's fifty day moving average is $154.71 and its two-hundred day moving average is $153.38. PJT Partners Inc. has a fifty-two week low of $90.95 and a fifty-two week high of $190.28. The stock has a market cap of $2.93 billion, a PE ratio of 25.66 and a beta of 0.77.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. During the same quarter in the previous year, the business earned $0.96 EPS. The business's revenue was up 45.3% on a year-over-year basis. Research analysts forecast that PJT Partners Inc. will post 6.2 earnings per share for the current year.

PJT Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, March 5th. PJT Partners's payout ratio is presently 20.41%.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.